First Foundation (FFWM) Tops Q3 EPS by 19c, Revenues Beat

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First Foundation Announces 2020 Third Quarter Financial Results

October 27, 2020 9:00 AM EDT

Third Quarter 2020 Summary

Net income of $30.9 million and earnings per share of $0.69 Total revenues of $75.3 million Return on average assets of 1.79% Return on average tangible equity of 22.2% Tangible book value per share increased to $13.05 and tangible common equity to tangible assets to 9.12% Net interest margin increased to 3.03% Completed securitization of $553 million of loans, recognizing a $15.1 million gain

IRVINE, Calif.--(BUSINESS WIRE)-- First Foundation Inc. (NASDAQ: FFWM), a financial services company with... More